6 month mark - 2.1 billion
12 month mark - 3.1 billion
Wtf ??? 80% load factor.
Something is not truthful here.
By the time you add in the contributions to Dubai Inc.'s debt payoff and also all the new infrastructure it was always going to make a huge knock on the declared profit.
As someone else pointed out - Emirates is the only machine around here making money, it's simple maths that they will be the source for at least part of the huge debt solution, even if it's not declared that way.
And I also agree that this IS the way it will be for the foreseeable future until one day demand exceeds supply again and EK struggles to attract enough experienced staff.... and with the state of aviation it will be a long time before more attractive options elsewhere are on the table for employees to consider.
Jus' Sayin'...
